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SAVILLS SOUTHAMPTON2 Charlotte PlaceSouthampton SO14 0TB

+44 (0) 23 8071 3900

SAVILLS READING Hawker House, Napier Court, 5-6 Napier Rd, Reading RG1 8BW

+44 (0) 118 952 0500

FREEHOLD FOR SALE UNCONDITIONAL OFFERS INVITED

Key Highlights• Close proximity to Reading town centre

• Freehold Available

• Site Area of 0.221 Acres (0.090 ha)

• Corner Position

• Planning consent granted for erection of two buildings to provide a total of 38 student units

FORMER WOODLEY ARMSWaldeck Street, Reading, RG1 2RF

CGI of proposed scheme - for illustrative purposes only

SituationThe Woodley Arms is situated on Waldeck Street close to the centre of Reading. Access to the former pub is excellent with the A327 and A33 in close proximity.

It is approximately 0.5 miles from the city centre, 0.7 mile from the main Whiteknights Campus and 0.6 miles from the London Road Campus. The site is located in a residential area which is defined by terraced housing and flatted developments.

DescriptionThe property comprises of a former public house which was last in use in 2012. The main built form of the building is of two storey height with a red brick appearance.

The site measures approximately 0.221 acres (0.090 ha).

Planning permission has been granted for the erection of two buildings to accommodate a total of 38 student units of accommodation, including parking, amenity space and landscaping, following demolition of the existing former public house.

Proposed AccommodationThe proposed matrix of accommodation is detailed below:

BLOCK / FLOOR

PLOT SIZE (SQ FT)

SIZE (SQ M)

1G 1 192 17.8

1G 2 206 19.1

1G 3 176 16.4

1G 4 175 16.3

1G 5 176 16.4

1G 6 189 17.6

1G 7 178 16.5

1 1st 8 192 17.8

1 1st 9 206 19.1

1 1st 10 176 16.4

1 1st 11 175 16.3

1 1st 12 176 16.4

1 1st 13 189 17.6

1 1st 14 178 16.5

1 2nd 15 184 17.1

1 2nd 16 176 16.4

1 2nd 17 176 16.4

1 2nd 18 211 19.6

2G 19 181 16.8

BLOCK / FLOOR

PLOT SIZE (SQ FT)

SIZE (SQ M)

2G 20 181 16.8

2G 21 180 16.7

2G 22 178 16.5

2G 23 178 16.5

2G 24 178 16.5

2G 25 174 16.2

2G 26 190 17.7

2 1st 27 181 16.8

2 1st 28 181 16.8

2 1st 29 180 16.7

2 1st 30 178 16.5

2 1st 31 178 16.5

2 1st 32 178 16.5

2 1st 33 174 16.2

2 1st 34 190 17.7

2 2nd 35 198 18.4

2 2nd 36 180 16.7

2 2nd 37 210 19.5

2 2nd 38 237 22.0

BLOCK / FLOOR

PLOT SIZE (SQ FT)

SIZE (SQ M)

Net Internal Areas

7,035 653.70

Total Study & Communal

2,411 224.03

TOTAL GIA 11,389 1058.29

CGI of proposed scheme - for illustrative purposes only

CGI of proposed scheme - for illustrative purposes only

TenureFreehold.

RatingThe subject property is listed in the 2017 Rating List with a Rateable Value of £9,300. The National Multiplier for England and Wales for 2018/19 is £0.493. The property will be re-assessed upon completion of the proposed development.

Energy PerformanceThe property has been awarded a C58 Rating and will be provided to interested parties upon request. The property will be re-assessed upon completion of the proposed development.

PlanningThe public house is not a listed building and is not situated within a conservation area.

The appeal decision dated 10 October 2018 was allowed and planning permission is granted for the erection of two buildings to accommodate a total of 38 student units of accommodation, including parking, amenity space and landscaping, following demolition of the existing former public house at the former Woodley Arms Public House, Waldeck Street, Reading RG1 2RF, in

accordance with the terms of the application, Ref 171893, dated 26 October 2017.

For more information please contact Reading Borough Council Planning Department on 0118 937 3787.

Section 106/CILThere is a Unilateral Undertaking attached to the planning consent but this doesn’t include obligations for payment contributions by way of S106. CIL is calculated at £120 m2 for the Borough of Reading and will be applicable to the net increase in floorspace by offsetting the existing building floorspace from that proposed.

Further InformationA full suite of planning information is available to interested parties upon request.

PriceOffers are invited in the order of £1.25 million for the freehold interest, with vacant possession.

ViewingPlease initially view the site externally. For a formal internal viewing, strictly by appointment with Savills.

CGI of proposed scheme - for illustrative purposes only

ContactAdam Bullas+44 (0) 23 8071 3957 abullas@savills.com

Andy Fraser+44 (0) 118 952 0528 andy.fraser@savills.com

Charlie Gordon+44 (0) 20 7535 3343 charlie.gordon@savills.com

IMPORTANT NOTICEMaps are reproduced from the Ordnance Survey Map with the permission of the Controller of H.M. Stationery Office. © Crown copyright licence number 100022432 Savills (UK) Ltd, published for the purposes of identification only and although believed to be correct accuracy is not guaranteed.

Savills, their clients and any joint agents give notice that: 1. They are not authorised to make or give any representations or warranties in relation to the property either here or elsewhere, either on their own behalf or on behalf of their client or otherwise. They assume no responsibility for any statement that may be made in these particulars. These particulars do not form part of any offer or contract and must not be relied upon as statements or representations of fact. 2. Any areas, measurements or distances are approximate. The text, photographs and plans are for guidance only and are not necessarily comprehensive. It should not be assumed that the property has all necessary planning, building regulation or other consents and Savills have not tested any services, equipment or facilities. Purchasers must satisfy themselves by inspection or otherwise.

Designed and Produced by Savills Marketing: 020 7499 8644 | March 2019